Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Chch entrepreneur David Lyall extends investments

December 21 2004

Christchurch entrepreneur David Lyall extends investments

Christchurch entrepreneur David Lyall has set up a new equity investment company and established a fund to specifically invest in New Zealand businesses.

St. Andrews Capital has an initial fund of $7 million for immediate investment in companies wanting to grow their businesses, David Lyall says. “There are some excellent growth opportunities in New Zealand and through our investment we want to demonstrate the confidence we have in the market and the companies we’ve identified with the potential to move to the next level,” Mr Lyall says.

He says they are looking at businesses operating in a wide range of industry sectors.

The St. Andrews Capital Ltd board of directors includes another successful Christchurch entrepreneur, Bill Gee of Versatile Buildings, John Edilson, CEO of Provincial Finance, and local businessmen Colin Averill and Warren Bell. David Lyall, 40, who founded Provincial Finance and is a director of David Lyall Holdings, Provincial Finance, Tasman Pacific Insurance Ltd and Thornton Estates, was included on this year’s National Business Review Rich List with an estimated $55 million fortune. He also plans to open a new consumer finance company in Melbourne in the New Year. “We’ve done very well in the consumer finance sector in New Zealand and I am looking forward to doing the same in Australia. I’m starting from a modest base and will work towards being a significant player in the finance industry in Victoria,” Mr Lyall says.

“Once the business is established I will be looking at other investment opportunities in Australia to extend my involvement in that market.” Two Melbourne directors have been appointed to the newly established Australian-based company. Graeme Bowker was previously the managing partner of Deloitte in Victoria and is the past Chairman of Melbourne Water, and Ken Dowling who is a financial planning and accounting consultant and a former partner with PriceWaterhouseCoopers.

Background David Lyall Holdings Limited has a total asset base of $171million, with investments in the finance, insurance, land development and private equity sectors in New Zealand, Australia and Singapore. Directors are Colin Averill (chairman), David Lyall, John Edilson, and Warren Bell.


© Scoop Media

Business Headlines | Sci-Tech Headlines


NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>


Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>


Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>


Electricity: New Zealand Remains In Top 10 For Energy Balance

The World Energy Council’s Energy Trilemma Index has become part of the energy dialogue both globally and in New Zealand. The Index illustrates the need for countries to balance energy security, energy equity and environmental sustainability. New Zealand ... More>>


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>


Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>